Crown Castle Inc. (NYSE:CCI) Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC trimmed its holdings in shares of Crown Castle Inc. (NYSE:CCI) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,911 shares of the real estate investment trust’s stock after selling 171 shares during the period. Ironwood Investment Counsel LLC’s holdings in Crown Castle were worth $900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. lifted its stake in shares of Crown Castle by 24.1% in the 3rd quarter. Assetmark Inc. now owns 19,113 shares of the real estate investment trust’s stock worth $2,267,000 after acquiring an additional 3,717 shares during the period. Versor Investments LP acquired a new stake in Crown Castle in the third quarter worth approximately $455,000. Apollon Wealth Management LLC boosted its stake in Crown Castle by 2.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 11,696 shares of the real estate investment trust’s stock valued at $1,388,000 after purchasing an additional 238 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Crown Castle during the 3rd quarter valued at $522,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Crown Castle during the third quarter worth about $245,000. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Stock Down 0.4 %

Shares of CCI stock opened at $94.92 on Friday. Crown Castle Inc. has a 12 month low of $84.20 and a 12 month high of $120.92. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market cap of $41.25 billion, a PE ratio of 33.66 and a beta of 0.89. The stock has a 50 day moving average of $90.74 and a 200-day moving average of $101.55.

Crown Castle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.565 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.26 annualized dividend and a dividend yield of 6.59%. Crown Castle’s payout ratio is 221.99%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCI. Deutsche Bank Aktiengesellschaft dropped their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company reduced their price objective on Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Moffett Nathanson reduced their price target on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Citizens Jmp raised shares of Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Jefferies Financial Group downgraded shares of Crown Castle from a “buy” rating to a “hold” rating and cut their target price for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $108.75.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.